Profit & Loss · Question 13 · Hard
A shopkeeper sells an item at a loss of 12%. Had he sold it for ₹180 more, he would have gained 8%. What is the cost price?
- ₹800
- ₹900
- ₹1,000
- ₹1,200
Answer and explanation
Answer: B. ₹900
Explanation: The ₹180 difference covers the swing from −12% to +8%, i.e. 20% of CP. CP = 180 ÷ 0.2 = ₹900.
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